Title : A comment on Victoria Gold (VIT.v)
link : A comment on Victoria Gold (VIT.v)
A comment on Victoria Gold (VIT.v)
This humble corner of cyberspace notes with interest that your humble scribe's well-documented bearish position on Victoria Gold (VIT.v) (latest edition last month) is currently being served back to him on a gilt platter by a perfectly attired maitre dee in a swanky hotel.
I was wrong. Again. Won't be the last time either. Expand a little on the potential why, it's around this time of the first production and output that you'd expect to see a surge of interest and that's fair enough, wish them well. Really do in fact, sincerely hope the mine starts well, performs to expectations and becomes a hub of growth in the Yukon economy. My issue is more on the economics and financials of VIT.v, its capex blowout, its financial debt, obligations and that high share count. Just don't see much meat on this bone for the retail holder, then again if you'd asked me 10 days ago I'd have said the same. And I'm wrong so far.
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